Good morning. … here is a snapshot of UST rates, prices and moves as of 725a… … And HERE is what other shops saying behind the overnight price action … WHILE YOU SLEPT Treasuries are modestly higher with the belly outperforming the wings and UK and German debt markets ahead of the ECB and US data. DXY is lower (-0.2%) while front WTI futures are too (-1.0%). Asian stocks were mostly higher, EU and UK share markets are mostly/modestly higher too while ES futures are sharply unchanged here at 7am. Our overnight US rates flows saw Treasuries open Asian trading with a bid, following Aussie bonds higher after their jobs disappointment (see above). Real$ bought intermediates with high broker volumes in the belly evident too.
while we slept
while we slept
while we slept
Good morning. … here is a snapshot of UST rates, prices and moves as of 725a… … And HERE is what other shops saying behind the overnight price action … WHILE YOU SLEPT Treasuries are modestly higher with the belly outperforming the wings and UK and German debt markets ahead of the ECB and US data. DXY is lower (-0.2%) while front WTI futures are too (-1.0%). Asian stocks were mostly higher, EU and UK share markets are mostly/modestly higher too while ES futures are sharply unchanged here at 7am. Our overnight US rates flows saw Treasuries open Asian trading with a bid, following Aussie bonds higher after their jobs disappointment (see above). Real$ bought intermediates with high broker volumes in the belly evident too.